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In some cities, Airbnb listings earn more than the average weekly wage – all in one night.
Using data from Airbnb and the US Bureau of Labor Statistics, financial site Wealth of Geeks compared average weekly salary data with the average cost per night of a short-term Airbnb rental and found the 10 best cities in which to make money renting an Airbnb could host the most – and in some cases more than half the salary they would have earned in a week.
Related: Airbnb Just Introduced Big Changes for Hosts and Guests, Plus New Tools for Groups: 'This Will Be a Huge Win'
“The opportunity for local residents to earn more than half their weekly salary by renting out a property for a single night is impressive. “In addition, it is an extremely convenient way to earn additional income – it is much easier than time-consuming second jobs or side hustles,” explained Michael Dinich, founder of Wealth of Geeks.
Arizona has seven spots in the top 10, including No. 1 and No. 2.
Airbnb, meanwhile, recently updated its platform with more experiences for guests, introducing the ability to stay in “Icons” homes around the world, from the house in the movie “Up” to Prince's “Purple Rain” house.
Airbnb also recently released new tools for hosts, such as group messaging.
Related: Airbnb's new 'Icons' cost less than $100 a night, including Prince's 'Up' and 'Purple Rain' house
Here are the most profitable cities in the US for Airbnb hosts, based on Airbnb income as a percentage of average weekly wages.
1. Scottsdale, Arizona
Average weekly salary: $804
Average Airbnb cost per night: $449
Airbnb Income as a Percentage of Average Weekly Wage: 55.9%
2. (Tie) Tempe, Arizona
Average weekly salary: $804
Average Airbnb cost per night: $402
Airbnb income as a percentage of average weekly wage: 50%
2. (tie) Charlestown, South Carolina
Average weekly salary: $690
Average Airbnb cost per night: $345
Airbnb income as a percentage of average weekly wage: 50%
3. Phoenix, Arizona
Average weekly salary: $804
Average Airbnb cost per night: $385
Airbnb Income as a Percentage of Average Weekly Wage: 47.9%
4. Las Vegas, Nevada
Average weekly salary: $724
Average Airbnb cost per night: $312
Airbnb Income as a Percentage of Average Weekly Wage: 43.1%
5. Glendale, Arizona
Average weekly salary: $804
Average Airbnb cost per night: $344
Airbnb Income as a Percentage of Average Weekly Wage: 42.8%
6. Gilbert, Arizona
Average weekly salary: $804
Average Airbnb cost per night: $329
Airbnb Income as a Percentage of Average Weekly Wage: 40.9%
7. Chandler, Arizona
Average weekly salary: $804
Average Airbnb cost per night: $322
Airbnb income as a percentage of average weekly wage: 40%
8. Virginia Beach, Virginia
Average weekly salary: $857
Average Airbnb cost per night: $332
Airbnb Income as a Percentage of Average Weekly Wage: 38.7%
9. North Charleston, South Carolina
Average weekly salary: $690
Average Airbnb cost per night: $254
Airbnb Income as a Percentage of Average Weekly Wage: 36.7%
10. Mesa, Arizona
Average weekly salary: $804
Average Airbnb cost per night: $292
Airbnb Income as a Percentage of Average Weekly Wage: 36.3%
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